Bahrain’s Shura Council has unanimously approved a Royal decree, which amends the Companies Law and allows foreign organisations to have 100 per cent ownership of businesses, reported the Gulf Daily News, our sister publication.

Saudi Arabia's Shura Council plans to meet on Monday to discuss imposing a tax on undeveloped land, the official Saudi Press Agency reported on Thursday.
The body advises the government on legislation. SPA did not give any det

A $48-million loan for Bahrain from the Islamic Development Bank was approved by the Shura Council yesterday (July 5), despite members expressing concern that the total cost of repaying it could reach $70 million.
The money will b

A $48-million loan for Bahrain from the Islamic Development Bank was approved by the Shura Council yesterday (July 5), despite members expressing concern that the total cost of repaying it could reach $70 million.
The money will b

Bahrain’s new-look national budget for 2015 and 2016 cleared its final hurdle yesterday (July 5) when it was unanimously approved by the Shura Council.
Thirty-eight members voted yes to the new national budget, which will no

Major amendments to Bahrain's 40-year-old Penal Code, including harsher punishments for manslaughter and defaming government employees, have been approved by the Shura Council.
The amendments, originally suggested by parliamen

Bahrain's Shura Council has signed a landmark memorandum of understanding (MoU) with the National Institute of Human Rights to reinforce future co-operation between the two bodies.
Council chairman Ali Sale

Bahrain's Shura Council has completed more than 50 items of business in the past month, its chairman Ali Saleh Al Saleh said yesterday (June 23) in a statement that ended the chamber's four-year term.
&

A proposal to set up a Saudi Arabian sovereign wealth fund attracted debate at a meeting of the kingdom's influential Shura council advisory body but failed to yield a result, state media reported.
A report by the council'

Bahrain's Shura Council has rejected a request from the government to modify the terms of a BD5 billion ($13.1 billion) borrowing cap approved earlier this month.
Minister of State for Parliament and Shura